Industry terms run wild in real estate, and some may seem interchangeable. This week's blog will discuss the similarities and differences between inspections and appraisals. Appraisals Lender-driven: The lender orders an appraisal to know the home's value. An appraiser will come to the house … [Read more...] about Inspection vs. Appraisal
Why Home Appraisals are Important
Home appraisals are a process through which an unbiased, licensed real estate appraiser assesses a home for its fair market value. When entering a real estate contract, buyers often hear two terms during settlement. Appraisal - The appraisal is essentially the lender’s valuation of the … [Read more...] about Why Home Appraisals are Important